Table 1 Scenario parameter settings.
Scenarios | Measures | Market access (%) | Miner site selection (%) | Carbon tax |
|---|---|---|---|---|
Benchmark (BM) | Baseline policy intervention | 100 | 40 | 2 |
Market access (MA) | Raise the market access standards for Bitcoin miner efficiency | 50 | 40 | 2 |
Site regulation (SR) | Strict regulation on Bitcoin industry in the coal-based energy region | 100 | 20 | 2 |
Carbon tax (CT) | Extra punitive carbon tax on Bitcoin mining | 100 | 40 | 4 |